This financing will support the continued growth of the company's market-leading community solar program, alongside product innovation leveraging AI to unlock new use cases built on the company's trove of energy data.

The round includes a fund managed by Macquarie Asset Management (Macquarie) as a new equity investor, alongside existing investors Energy Impact Partners, J.P. Morgan Asset Management, BoxGroup, G2 Venture Partners, Camber Creek, Triangle Peak Partners, and Broadscale Group.

Arcadia is a climate technology company connecting the clean energy future. Our data platform unlocks global energy data for businesses, powering solutions to drive electrification and decarbonization. Founded in 2014 on the belief that everyone deserves access to clean energy, Arcadia also manages the nation's leading community solar program.